Author: Courtney Healy

Recently, the IRS issued the 2022 annual inflation adjustments for many tax provisions, including several that pertain to nonprofit organizations.

In response to the COVID-19 pandemic, governments have implemented a number of relief programs to help businesses and nonprofit organizations. In this article, we discuss key considerations when accounting for COVID-19 Relief Grants.

ASU 2014-09, Revenue from Contracts with Customers (Topic 606), provides a principles-based framework for recognizing revenue and superseded virtually all revenue guidance for exchange transactions.

An audit is one of the most important accounting functions, and it’s something every business and nonprofit should understand. In this short article, we’ll break down the basics.